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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: tech fool who wrote (20671)4/29/1999 2:19:00 PM
From: Robert Graham   of 42787
 
Your holding long trading positions in a down market? Or are you a longer term trader? May I ask what were your entry prices? Have you been riding these down? I would not hold any of these selections much below today's low. Some are below key supports. Most are in congestion so you have limited upside potential with the current possibility of more downside. Not my kind of risk-to-reward for the near term.

If you are playing off of Fib level, it is always wise to wait for a confirmation, especially true on the price predictive tools. And market indicators have their limitations for timing purposes for use by the short term trader.

Just would like to understand your strategy here.

Good luck!

Bob Graham
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